How does NextSuburb rank Australian suburbs?

We score every suburb 0–100 across eight investment-grade signals — capital growth, population growth, supply tightening, rental yield, vacancy rate, income growth, infrastructure pipeline exposure and affordability headroom — then weight them by the strategy you choose (Growth, Balanced, or Yield).

What data sources do you use?

ABS, ATO, SQM Research, Domain, realestate.com.au and the infrastructure portals of every state and territory. Full list and update cadence on /sources.

Is NextSuburb financial advice?

No. NextSuburb is a screening tool. Scores describe how well a suburb fits a filter today — not a forecast and not a recommendation to buy.

How often is the data updated?

Full dataset rebuilt monthly. Listings, vacancy and rent monthly. ABS and ATO annually. Infrastructure quarterly.

Why is NextSuburb free?

Because the data underneath it is mostly public. We'll launch a paid pro tier with saved alerts and deeper analytics — the core suburb screen will stay free.

Best Australian suburbs to invest in.

Name: NextSuburb AU Suburb Investment Index
Creator: NextSuburb
License: https://creativecommons.org/licenses/by/4.0/

Tell us your budget and strategy. Get the three best suburbs for your filter in 30 seconds — scored across eight investment-grade signals. Free. No signup.

9,375 suburbs · ABS · ATO · SQM Research · Domain · realestate.com.au · State infrastructure authorities

Your recommended picks

Best buys under $300k

Best overall pick for you

🥇Balanced pick

Warracknabeal

Strong dual 15.9%/yr growth + 3.8% yield with no single overextension.

Why it wins · Most balanced profile in your filter — +3 pts over Numurkah.

Thin market · ~2k residentsVIC · 3393$247k median

39Weak

View whyDetails

Drivers

Capital growth15.9%/yr
Population growth+7.8% (5y)
Rental yield3.8%

Risks

Only 2,359 residents — illiquid, slow to sell
No major construction project in this state

Closest construction ·Melbourne Airport Rail — Sunshine Hub275.6 kmApproved · 2033

Hindmarsh · scored against your filter

Open detail page →

🥈Secondary pickGrowth

Kerang

55Moderate

9.3%/yr capital growth with population +7.8% over five years.

VIC · $265kView why

Drivers

Capital growth9.3%/yr
Rental yield3.9%
Population growth+7.8% (5y)

Risks

Only 3,960 residents — illiquid, slow to sell
No major construction project in this state

Thin market · ~4k residents

Open →

🥉Alternative pickYield

Sunnycliffs

46Moderate

Strongest cashflow position in your filter at 4.4% gross yield.

VIC · $289kView why

Drivers

Rental yield4.4%
Population growth+7.8% (5y)

Risks

Only 0 residents — illiquid, slow to sell
At top of budget (96% of cap)

Thin market · illiquid

Open →

Score legend · 0–40 weak · 40–60 moderate · 60–75 strong · 75+ exceptional. Scores blend growth, yield, demand and infrastructure signals against your strategy. Full methodology →

WeakModerateStrongStandoutExceptional

040607585+

Last updated May 2026Next refresh 3 June 2026Informational only — not financial advice

Compare Kerang · Sunnycliffs · Warracknabeal side-by-side under $300kCompare picks

9,375 suburbs · 0 investors this month · 0 shortlists saved

Explore the full ranking

All ranked suburbs

Top 28 VIC suburbs under $300k

Why am I seeing this? Ranked across every suburb that fits your filter — click any card for the full breakdown.

How is this calculated?

We score every suburb 0–100 against eight benchmarks a working buyer's agent watches: capital growth, rental yield, vacancy, listings trend, population growth, income growth, budget headroom, and the construction pipeline within reach.

The composite is a weighted average. The Top Picks above re-rank under a Growth-tilted, Yield-tilted, and Balanced scheme so each investor profile gets a single recommendation.

WeakModerateStrongStandoutExceptional

040607585+

Market mode

Base market Infrastructure-weighted ⭐

Sort

$81.7B infrastructure pipeline influencing demand across key corridorsSee impact

Tier CC — ModerateScore 40–591 suburb

#1
Kerang
9.3%/yr capital growth, 3.9% gross yield.
Growth + yield · 9.3% · 3.9%
9.3%/yr 5y growth
47
Balanced🟢 Under budget
Drivers
Capital growth9.3%/yr
Rental yield3.9%
Population growth+7.8% (5y)
Risks
Only 3,960 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub241.3 kmApproved · 2033
3579 · Swan HillCompare investment case

Tier DD — Below trendScore <4027 suburbs

#2
Warracknabeal
15.9%/yr capital growth, population +7.8% (5y).
5y growth · 15.9%/yr
15.9%/yr 5y growth
39
Growth🟢 Under budget
Drivers
Capital growth15.9%/yr
Population growth+7.8% (5y)
Rental yield3.8%
Risks
Only 2,359 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub275.6 kmApproved · 2033
3393 · HindmarshCompare investment case
#3
Sunnycliffs
4.4% gross yield, population +7.8% (5y).
Gross yield · 4.4%
4.7%/yr 5y growth
37
Yield🟡 Near cap
Drivers
Rental yield4.4%
Population growth+7.8% (5y)
Risks
Only 0 residents — illiquid, slow to sell
At top of budget (96% of cap)
Closest construction ·Melbourne Airport Rail — Sunshine Hub455.9 kmApproved · 2033
3496 · MilduraCompare investment case
#4
Numurkah
population +7.8% (5y), 3.8% gross yield.
Gross yield · 3.8%
2.8%/yr 5y growth
36
Yield🟡 Near cap
Drivers
Population growth+7.8% (5y)
Rental yield3.8%
Risks
Only 4,604 residents — illiquid, slow to sell
At top of budget (96% of cap)
Closest construction ·North East Link — Bulleen189.9 kmConstruction · 2028
3636 · MoiraCompare investment case
#5
Donald
12.1%/yr capital growth, 3.9% gross yield.
5y growth · 12.1%/yr
12.1%/yr 5y growth
33
Growth🟢 Under budget
Drivers
Capital growth12.1%/yr
Rental yield3.9%
Population growth+7.8% (5y)
Risks
Only 1,472 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub227.5 kmApproved · 2033
3480 · YarriambiackCompare investment case
#6
Heywood
9.1%/yr capital growth, population +7.8% (5y).
5y growth · 9.1%/yr
9.1%/yr 5y growth
33
Growth🟡 Near cap
Drivers
Capital growth9.1%/yr
Population growth+7.8% (5y)
Rental yield3.4%
Risks
Only 1,815 residents — illiquid, slow to sell
At top of budget (92% of cap)
Closest construction ·Melbourne Airport Rail — Sunshine Hub284.4 kmApproved · 2033
3304 · MoyneCompare investment case
#7
Hopetoun
18.6%/yr capital growth, 5.0% gross yield.
Growth + yield · 18.6% · 5.0%
5.0% yield
33
Balanced🟢 Under budget
Drivers
Capital growth18.6%/yr
Rental yield5.0%
Population growth+7.8% (5y)
Risks
Only 694 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub319.5 kmApproved · 2033
3396 · YarriambiackCompare investment case
#8
Ouyen
16.5%/yr capital growth, 4.0% gross yield.
Growth + yield · 16.5% · 4.0%
16.5%/yr 5y growth
32
Balanced🟢 Under budget
Drivers
Capital growth16.5%/yr
Rental yield4.0%
Population growth+7.8% (5y)
Risks
Only 1,170 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub376.3 kmApproved · 2033
3490 · HindmarshCompare investment case
#9
Sea Lake
9.9%/yr capital growth, 4.5% gross yield.
Growth + yield · 9.9% · 4.5%
4.5% yield
32
Balanced🟢 Under budget
Drivers
Capital growth9.9%/yr
Rental yield4.5%
Population growth+7.8% (5y)
Risks
Only 619 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub309.0 kmApproved · 2033
3533 · Swan HillCompare investment case
#10
Terang
4.9% gross yield, population +7.8% (5y).
Gross yield · 4.9%
4.9% yield
32
Yield🟢 Under budget
Drivers
Rental yield4.9%
Population growth+7.8% (5y)
Risks
Only 2,254 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub176.5 kmApproved · 2033
3264 · MoyneIn compare set
#11
Casterton
4.3% gross yield, population +7.8% (5y).
Gross yield · 4.3%
5.4%/yr 5y growth
30
Yield🟢 Under budget
Drivers
Rental yield4.3%
Population growth+7.8% (5y)
Risks
Only 1,673 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub302.8 kmApproved · 2033
3311 · GlenelgCompare investment case
#12
Charlton
13.3%/yr capital growth, population +7.8% (5y).
5y growth · 13.3%/yr
13.3%/yr 5y growth
30
Growth🟡 Near cap
Drivers
Capital growth13.3%/yr
Population growth+7.8% (5y)
Rental yield3.8%
Risks
Only 1,095 residents — illiquid, slow to sell
At top of budget (92% of cap)
Closest construction ·Melbourne Airport Rail — Sunshine Hub214.0 kmApproved · 2033
3525 · LoddonCompare investment case
#13
Murtoa
15.4%/yr capital growth, population +7.8% (5y).
5y growth · 15.4%/yr
15.4%/yr 5y growth
30
Growth🟢 Under budget
Drivers
Capital growth15.4%/yr
Population growth+7.8% (5y)
Rental yield3.8%
Risks
Only 897 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub246.4 kmApproved · 2033
3390 · HorshamCompare investment case
#14
St Arnaud
4.9% gross yield, population +7.8% (5y).
Gross yield · 4.9%
4.9% yield
30
Yield🟢 Under budget
Drivers
Rental yield4.9%
Population growth+7.8% (5y)
Risks
Only 2,318 residents — illiquid, slow to sell
Modest 5y growth (2.7%/yr)
Closest construction ·Melbourne Airport Rail — Sunshine Hub190.5 kmApproved · 2033
3478 · BulokeCompare investment case
#15
Jeparit
21.7%/yr capital growth, population +7.8% (5y).
5y growth · 21.7%/yr
21.7%/yr 5y growth
29
Growth🟢 Under budget
Drivers
Capital growth21.7%/yr
Population growth+7.8% (5y)
Risks
Only 476 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub313.0 kmApproved · 2033
3423 · HindmarshCompare investment case
#16
Penshurst
9.9%/yr capital growth, population +7.8% (5y).
5y growth · 9.9%/yr
9.9%/yr 5y growth
29
Growth🟢 Under budget
Drivers
Capital growth9.9%/yr
Population growth+7.8% (5y)
Rental yield3.4%
Risks
Only 677 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub224.0 kmApproved · 2033
3289 · MoyneCompare investment case
#17
Pyramid Hill
18.0%/yr capital growth, population +7.8% (5y).
5y growth · 18.0%/yr
18.0%/yr 5y growth
29
Growth🟡 Near cap
Drivers
Capital growth18.0%/yr
Population growth+7.8% (5y)
Rental yield3.2%
Risks
Only 598 residents — illiquid, slow to sell
At top of budget (92% of cap)
Closest construction ·Melbourne Airport Rail — Sunshine Hub202.2 kmApproved · 2033
3575 · LoddonCompare investment case
#18
Wedderburn
4.5% gross yield, population +7.8% (5y).
Growth + yield · 7.6% · 4.5%
4.5% yield
29
Balanced🟢 Under budget
Drivers
Rental yield4.5%
Population growth+7.8% (5y)
Capital growth7.6%/yr
Risks
Only 951 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub186.6 kmApproved · 2033
3518 · BulokeCompare investment case
#19
Wycheproof
12.1%/yr capital growth, population +7.8% (5y).
5y growth · 12.1%/yr
12.1%/yr 5y growth
29
Growth🟢 Under budget
Drivers
Capital growth12.1%/yr
Population growth+7.8% (5y)
Rental yield3.1%
Risks
Only 610 residents — illiquid, slow to sell
No major construction project in this state
Closest construction ·Melbourne Airport Rail — Sunshine Hub237.6 kmApproved · 2033
3527 · LoddonCompare investment case
#20
Rainbow
25.7%/yr capital growth, population +7.8% (5y).
5y growth · 25.7%/yr
25.7%/yr 5y growth
28
Growth🟢 Under budget
Drivers
Capital growth25.7%/yr
Population growth+7.8% (5y)
Risks
Only 672 residents — illiquid, slow to sell
Thin gross yield (2.2%)
Closest construction ·Melbourne Airport Rail — Sunshine Hub328.0 kmApproved · 2033
3424 · YarriambiackCompare investment case
#21
Avoca
4.0% gross yield, population +7.8% (5y).
Gross yield · 4.0%
4.2%/yr 5y growth
25
Yield🟡 Near cap
Drivers
Rental yield4.0%
Population growth+7.8% (5y)
Risks
Only 1,356 residents — illiquid, slow to sell
At top of budget (90% of cap)
Closest construction ·Melbourne Airport Rail — Sunshine Hub145.7 kmApproved · 2033
3467 · PyreneesCompare investment case
#22
Coleraine
4.2% gross yield, population +7.8% (5y).
Gross yield · 4.2%
3.9%/yr 5y growth
25
Yield🟢 Under budget
Drivers
Rental yield4.2%
Population growth+7.8% (5y)
Risks
Only 1,062 residents — illiquid, slow to sell
Modest 5y growth (3.9%/yr)
Closest construction ·Melbourne Airport Rail — Sunshine Hub276.3 kmApproved · 2033
3315 · West WimmeraCompare investment case
#23
Paradise Beach
population +7.8% (5y), 3.7% gross yield.
Growth + yield · 6.2% · 3.7%
6.2%/yr 5y growth
25
Balanced🟡 Near cap
Drivers
Population growth+7.8% (5y)
Rental yield3.7%
Capital growth6.2%/yr
Risks
Only 172 residents — illiquid, slow to sell
At top of budget (90% of cap)
Closest construction ·Suburban Rail Loop East — Glen Waverley199.2 kmConstruction · 2035
3851 · WellingtonCompare investment case
#24
Birchip
6.7% gross yield, population +7.8% (5y).
Gross yield · 6.7%
6.7% yield
24
Yield🟢 Under budget
Drivers
Rental yield6.7%
Population growth+7.8% (5y)
Budget headroom60% under cap
Risks
Only 694 residents — illiquid, slow to sell
Modest 5y growth (2.0%/yr)
Closest construction ·Melbourne Airport Rail — Sunshine Hub263.2 kmApproved · 2033
3483 · BulokeCompare investment case
#25
Corryong
population +7.8% (5y), 3.6% gross yield.
Gross yield · 3.6%
3.8%/yr 5y growth
24
Yield🟡 Near cap
Drivers
Population growth+7.8% (5y)
Rental yield3.6%
Risks
Only 1,352 residents — illiquid, slow to sell
At top of budget (95% of cap)
Closest construction ·Suburban Rail Loop East — Box Hill305.8 kmConstruction · 2035
3707 · East GippslandCompare investment case
#26
Quambatook
10.4% gross yield, 87% under your cap.
Gross yield · 10.4%
10.4% yield
23
Yield🟢 Under budget
Drivers
Rental yield10.4%
Budget headroom87% under cap
Population growth+7.8% (5y)
Risks
Only 229 residents — illiquid, slow to sell
Modest 5y growth (-15.1%/yr)
Closest construction ·Melbourne Airport Rail — Sunshine Hub244.8 kmApproved · 2033
3540 · GannawarraIn compare set
#27
Kaniva
5.4% gross yield, population +7.8% (5y).
Gross yield · 5.4%
5.4% yield
22
Yield🟢 Under budget
Drivers
Rental yield5.4%
Population growth+7.8% (5y)
Budget headroom60% under cap
Risks
Only 891 residents — illiquid, slow to sell
Modest 5y growth (-6.7%/yr)
Closest construction ·Melbourne Airport Rail — Sunshine Hub357.0 kmApproved · 2033
3419 · HindmarshCompare investment case
#28
Lismore
5.1% gross yield, population +7.8% (5y).
Gross yield · 5.1%
5.1% yield
21
Yield🟢 Under budget
Drivers
Rental yield5.1%
Population growth+7.8% (5y)
Risks
Only 472 residents — illiquid, slow to sell
Modest 5y growth (-0.3%/yr)
Closest construction ·Melbourne Airport Rail — Sunshine Hub131.4 kmApproved · 2033
3324 · Golden PlainsCompare investment case

Decision driver · 8 projects tracked

How infrastructure changes your results

Infrastructure is the largest medium-term driver of suburb-level house prices in Australia. Every project below is mapped to a location, value, and stage — and counted against any suburb inside its impact radius.

Flip Market mode in the customizer to double the construction-pipeline weighting and see which suburbs climb the ranking. The $81.7B VIC pipeline below is what drives that effect.

What this means for prices

Expect demand uplift over the next 3–5 years as rail and connectivity projects open up new commuter catchments.

Pipeline value

$81.7bn

Construction

Approved

Planned

Top 3 by value

road
North East Link — Bulleen
$16.5bn
Construction · 2028
metro
Metro Tunnel — Anzac Station
$13.5bn
Recently completed · 2025
metro
Metro Tunnel — Parkville Station
$13.5bn
Recently completed · 2025

See full VIC infrastructure list (8)

Compare 2/3QuambatookTerang

Compare investment cases

Tell us how you’d invest. We’ll do the ranking.

Your recommended picks

Top 28 VIC suburbs under $300k

Tier CC — Moderate·Score 40–59·1 suburb

Tier DD — Below trend·Score <40·27 suburbs

North East Link — Bulleen

Metro Tunnel — Anzac Station

Metro Tunnel — Parkville Station

Tier CC — ModerateScore 40–591 suburb

Tier DD — Below trendScore <4027 suburbs